BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Hits New 52-Week High – Still a Buy?

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) hit a new 52-week high during trading on Friday . The company traded as high as $66.77 and last traded at $66.76, with a volume of 10491 shares. The stock had previously closed at $66.34.

BlackRock U.S. Carbon Transition Readiness ETF Stock Down 0.6 %

The stock’s 50 day moving average price is $65.32 and its two-hundred day moving average price is $62.95. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 25.25 and a beta of 1.00.

Hedge Funds Weigh In On BlackRock U.S. Carbon Transition Readiness ETF

Institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC acquired a new stake in BlackRock U.S. Carbon Transition Readiness ETF in the 2nd quarter valued at approximately $4,262,000. Thrivent Financial for Lutherans increased its position in BlackRock U.S. Carbon Transition Readiness ETF by 67.3% during the third quarter. Thrivent Financial for Lutherans now owns 119,281 shares of the company’s stock worth $7,484,000 after acquiring an additional 47,989 shares during the period. Elios Financial Group Inc. acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF during the 3rd quarter valued at $2,929,000. Integrated Wealth Concepts LLC boosted its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 35.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 92,816 shares of the company’s stock valued at $5,823,000 after purchasing an additional 24,064 shares during the period. Finally, One Wealth Capital Management LLC acquired a new stake in BlackRock U.S. Carbon Transition Readiness ETF in the 4th quarter worth $1,188,000.

About BlackRock U.S. Carbon Transition Readiness ETF

The BlackRock U.S. Carbon Transition Readiness ETF (LCTU) is an exchange-traded fund that is based on the Russell 1000 index. The fund is an actively-managed portfolio of large- and mid-cap US firms in the Russell 1000 Index that are selected and weighted with a preference for lower carbon emissions.